JAKARTA (Yosefardi) – PT Modern Internasional Tbk (MDRN) expects to get 10% revenue contribution from partnership with beverage producer US-based Welch Food Incorporated.
MDRN will produce and distribute beverage products under Welch Food brands in Indonesia. The company will build beverage plant with capacity of 5 million bottles per year in the first stage, to be boosted by 20-30% the following years.
MDRN plans to build 2,000-2,500 outlets of 7-Eleven francise in Jakarta within 10 years with investment cost of Rp7.5 trillion.
Now the company operates 161 outlets and will add 200 outlets in 2014-2015 period. MDRN targets revenues to grow by 20-30% this year, from Rp1.2 trillion revenues last year.